The United States Attorney’s Office has released a new superseding indictment against former FTX CEO Sam Bankman-Fried (SBF) which includes allegations of campaign finance law violations as part of a wire fraud scheme. In an Aug. 14 filing in U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams charged SBF with seven counts nearly identical…
The Reserve Bank of Zimbabwe (RBZ) expects to launch its gold-backed digital token (GBDT) for retail use soon, the RBZ has stated. This follows the token’s success with investors, which the bank described as “commendable” in a recent report. The RBZ announced the introduction of the GBDT in April and had conducted 11 issuances representing 325 kg. of gold by…
The FTX affair continues to unravel. Sam Bankman-Fried, the former CEO of the failed crypto exchange, will be held in jail through the end of his two upcoming trials. Judge Lewis Kaplan ordered the revocation of the entrepreneur’s $250 million bail following The New York Times report about his alleged attempt to intimidate witnesses. Bankman-Fried faces 12 criminal charges spread…
The legal team defending Sam Bankman-Fried (SBF) against criminal charges has requested a federal judge allow the former FTX CEO to have access to antidepressants while in jail. In an Aug. 14 court filing, Bankman-Fried’s lawyers provided Judge Lewis Kaplan a proposed order which, if approved, would allow the 31-year-old to apply a transdermal patch with medication during his time…
The crypto industry’s best-known blockchain sleuth, the pseudonymous ZachXBT, said on Monday that the defamation lawsuit brought against him by Jeffrey “Machi Big Brother” Huang in June has been dropped. As part of an agreement with Huang, ZachXBT made significant alterations to his published investigation, in the process removing some of the sharper accusations against the entrepreneur and NFT trader…
The connection between Bitcoin and gold goes back to Bitcoin’s origin. While it is not mentioned in the Bitcoin white paper, Satoshi Nakamoto actually referred to gold’s rarity in a Bitcointalk forum post when introducing the first version of Bitcoin (BTC) in 2009. This was to emphasize the importance of a limited supply of 21 million coins. Bitcoin’s market value is frequently…
Yet another high-profile politician is backing Bitcoin. In an unexpected victory, presidential candidate Javier Milei, known for his pro-Bitcoin and libertarian economics, earned the top spot in Argentina’s primary yesterday. Milei and his coalition, La Libertad Avanza, raked in over 30% of the votes, beating second-place contender, the center-right coalition, Juntos Por El Cambio, by slightly less than a 2%…
Big investors are still betting crypto—and it’s not just Bitcoin in their sights. Institutional investors have poured cash into Ripple (XRP)—the fifth-largest digital asset by market cap—for the 16th week running, according to a Monday report from digital assets investment firm CoinShares. Assets under management for XRP products have also risen 127% since the beginning of the year, the report…
Taiwanese music celebrity Jeffrey Huang, also known as “Machi Big Brother,” has withdrawn a defamation lawsuit against internet sleuth ZachXBT. In a bilateral announcement dated Aug. 14, Machi Big Brother said “Zach has many times in the past been of great service to the crypto community and pursuing legal action against him was a last resort but not the right…
Shares of Toronto-based Bitcoin Mining firm Hut 8 (TSX: HUT) fell 8% on Monday shortly after posting underwhelming Q2 earnings figures. The firm said it mined 399 BTC during the quarter ending June 30—down 58% compared to the same period last year. This led to a $24.6 million revenue drop from $43.8 million in Q2 2022 to $19.2 million in…
